Capital-Executive Ship Management: Strategic Partnership with SPV Axis Maritime

Capital-Executive Ship Management Corp. has entered into a strategic partnership with SPV Axis Maritime Corp., under the leadership of Mr. Nicholas Madias.

The company, operating under its new name Capital Axis Maritime Corp., will provide in-house commercial and technical management services for a fleet of twenty (20) dry bulk vessels. The fleet consists of two (2) Newcastlemax, four (4) Capesize, and seven (7) Kamsarmax and Panamax vessels currently in operation, as well as seven (7) Capesize dry bulk newbuildings, scheduled for delivery in 2027.

The fleet has a total carrying capacity of approximately 3.0 million dwt and an average age of eight years.

Mr. Nicholas Madias, on behalf of SPV Axis and in his capacity as Chairman and Chief Executive Officer of Capital Axis Maritime Corp., commented: “We are very pleased to collaborate with an established and reliable company such as Capital-Executive Ship Management Corp. We are confident that this synergy will create long-term value for its shareholders, both through cost reduction and revenue growth. By combining the strengths of Capital-Executive Ship Management Corp. with our deep expertise in the dry bulk sector—gained through 25 years of ownership and hands-on dry bulk asset management—we are optimistic